Overview

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Est.

1971

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Milwaukee Economic Development Corporation (EIN: 23-7129398) is a nonprofit organization focused on urban development in the M7 region, which includes Milwaukee, Waukesha, Washington, Walworth, Racine, Kenosha, and Ozaukee counties. With an operating budget of $7.1 million and total revenue of $7.2 million for the 2024 filing year, the organization provides gap financing to businesses to create employment opportunities and enhance local incomes through the retention, expansion, and development of manufacturing, service, and other commercial establishments. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.medconline.com.

Mission Statement

MEDC PROVIDES GAP FINANCING TO BUSINESSES IN ORDER TO CREATE EMPLOYMENT OPPORTUNITIES AND INCREASE LOCAL INCOMES THROUGH THE RETENTION, EXPANSION AND DEVELOPMENT OF MANUFACTURING, SERVICE AND OTHER COMMERCIAL ESTABLISHMENTS LOCATED IN MILWAUKEE, WAUKESHA, WASHINGTON, WALWORTH, RACINE, KENOSHA AND OZAUKEE COUNTIES (COLLECTIVELY M7 REGION).
Revenues
$7.2M
Expenses
$7.1M
Net Income:
+$169.6K
Assets
$139.5M
Liabilities
$51.6M
Net Assets:
+$87.9M
Operating Budget
$7.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$20.3M
Largest grant received
$20.3M
D
David Latona
Board Member
T
Thomas O'NEILL
Board Member
A
Andy Melvin
Board Member

Frequently Asked Questions

What is MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $7.1 million. More detailed financial information is available to registered users.
What causes does MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION support?
MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION supports work in Urban development.
Where does MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION operate?
MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION is headquartered in Milwaukee, WI.
Who funded MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION recently?
In 2023, MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION received grants from MILWAUKEE DEVELOPMENT CORPORATION, MILWAUKEE DEVELOPMENT CORPORATION, and NEAR WEST SIDE PARTNERS INC. More information on this organization’s funders is available to registered users.
What is the largest grant MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION received in 2023?
The largest grant to MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION in 2023 exceeds $20.3 million.
What is MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION’s reliance on government grants?
MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION relied on government grants for more than 25% of their total revenue in 2024.